DETROIT -- Greg Smith, Ford Motor Co.'s vice chairman, is retiring on March 1, the automaker said Friday.
Smith, 54, will not be replaced, a Ford spokeswoman said.
His departure marks the fifth top executive position to be cut since CEO Bill Ford in January said the automaker would reduce its officer ranks by 12 percent before the end of March.
At that time, Ford had 54 top executives. A 12 percent cut is equal to six or seven positions, so one or two more executive slots remain to be trimmed.
Smith joined Ford in 1973 as an engineer in the automaker's truck operations. His career included several positions in engineering and product planning, before taking on several marketing roles in the mid-1980s.
His resume includes a stint as head of Ford Motor Credit, which he took over in December 2001 in the wake of heavy losses under previous head Don Winkler.
In March 2004, Smith was named Ford Motor's president of the Americas. He held that position until last September, when he was elevated to vice chairman and replaced by Mark Fields.
Fields and Anne Stevens, COO of the Americas, are leaders in crafting Ford's Way Forward North American recovery plan.
You may e-mail Dale Jewett at [email protected]